StoneX Group Inc. Acquires 4,347 Shares of Strategy Inc $MSTR

StoneX Group Inc. acquired a new position in shares of Strategy Inc (NASDAQ:MSTR) during the 3rd quarter, according to the company in its most recent disclosure with the Securities & Exchange Commission. The firm acquired 4,347 shares of the software maker’s stock, valued at approximately $665,000.

Other hedge funds also recently made changes to their positions in the company. Pictet Asset Management Holding SA grew its stake in Strategy by 0.8% during the 3rd quarter. Pictet Asset Management Holding SA now owns 108,227 shares of the software maker’s stock worth $16,568,000 after buying an additional 813 shares during the last quarter. Parallel Advisors LLC lifted its stake in Strategy by 27.5% in the third quarter. Parallel Advisors LLC now owns 3,885 shares of the software maker’s stock valued at $595,000 after buying an additional 837 shares during the last quarter. International Assets Investment Management LLC lifted its stake in Strategy by 45.3% in the third quarter. International Assets Investment Management LLC now owns 3,171 shares of the software maker’s stock valued at $509,000 after buying an additional 989 shares during the last quarter. Waldron Private Wealth LLC purchased a new stake in Strategy in the third quarter valued at approximately $230,000. Finally, Alta Advisers Ltd acquired a new stake in shares of Strategy in the third quarter valued at approximately $368,000. Hedge funds and other institutional investors own 59.84% of the company’s stock.

Strategy Stock Performance

Shares of MSTR stock opened at $122.35 on Thursday. The stock has a market capitalization of $51.68 billion, a PE ratio of -2.01 and a beta of 3.60. Strategy Inc has a 52-week low of $81.81 and a 52-week high of $234.84. The stock’s 50-day moving average price is $144.10 and its 200 day moving average price is $132.97. The company has a quick ratio of 4.04, a current ratio of 4.04 and a debt-to-equity ratio of 0.10.

Strategy (NASDAQ:MSTR) last posted its quarterly earnings data on Thursday, October 29th. The software maker reported $44.75 EPS for the quarter, beating the consensus estimate of $20.19 by $24.56. Strategy had a negative return on equity of 32.71% and a negative net margin of 2,760.33%. The firm had revenue of $125.43 million during the quarter, compared to the consensus estimate of $127.76 million. During the same period in the prior year, the business earned $8.42 EPS. The firm’s revenue was down 2.5% compared to the same quarter last year. As a group, equities research analysts forecast that Strategy Inc will post -13.01 EPS for the current year.

Latest Strategy News

Investors following MSTR have been watching these news items:

• Neutral Sentiment: Strategy bought 1,036 bitcoin for about $81.9 million, but also repurchased roughly $188 million of preferred shares that week. The Bitcoin purchase supports its core treasury strategy, while the larger buyback highlights competing uses of capital. Strategy Adds Bitcoin While Repurchasing Preferred Shares
• Negative Sentiment: MSCI’s final review list marks Strategy for deletion, with the change taking effect after the November 30 market close. Funds tracking the indexes may sell shares; reports say MSCI-tracking funds hold about $1.6 billion of MSTR, creating potential selling pressure. MSCI confirms Strategy’s removal from indexes
• Negative Sentiment: Bitcoin was reported below Strategy’s average purchase cost, leaving its large holdings underwater at the time of the report. That increases sensitivity to further Bitcoin declines and could complicate future funding decisions. Bitcoin below Strategy’s average cost

Insider Buying and Selling at Strategy

In other news, Director Jarrod Patten sold 4,750 shares of the business’s stock in a transaction that occurred on Wednesday, November 4th. The stock was sold at an average price of $141.00, for a total value of $669,750.00. Following the transaction, the director owned 28,406 shares of the company’s stock, valued at approximately $4,005,246. The trade was a 14.33% decrease in their ownership of the stock. The transaction was disclosed in a document filed with the SEC, which is accessible through this hyperlink. In the last quarter, insiders sold 14,950 shares of company stock valued at $2,113,106. Company insiders own 5.40% of the company’s stock.

Analysts Set New Price Targets

A number of equities analysts have recently issued reports on MSTR shares. HC Wainwright restated a “buy” rating and set a $250.00 target price on shares of Strategy in a research report on Friday, October 30th. Weiss Ratings reaffirmed a “sell (d)” rating on shares of Strategy in a report on Monday, November 2nd. Alliance Global Partners began coverage on shares of Strategy in a research report on Tuesday, September 1st. They issued a “buy” rating and a $217.00 price target for the company. Benchmark reiterated a “buy” rating and set a $435.00 price target (down from $570.00) on shares of Strategy in a research note on Monday, July 27th. Finally, Cantor Fitzgerald reiterated an “overweight” rating and set a $208.00 price target on shares of Strategy in a research note on Monday. Two research analysts have rated the stock with a Strong Buy rating, twelve have given a Buy rating, two have given a Hold rating and one has given a Sell rating to the company’s stock. Based on data from MarketBeat.com, Strategy has an average rating of “Moderate Buy” and a consensus price target of $244.79.

Strategy Company Profile

Strategy, formerly known as MicroStrategy, Incorporated (NASDAQ: MSTR) is a global provider of enterprise analytics and mobility software. The company’s flagship platform offers business intelligence, data discovery, and advanced visualizations that enable organizations to analyze large volumes of data and deliver actionable insights. In addition to traditional on-premises deployments, Strategy provides a range of cloud-based services and managed offerings that allow customers to leverage the power of its analytics tools without managing complex infrastructure.